Page 12 - Bullion World Volume 4 Issue 7 January 2024

Bullion World | Volume 4 | Issue 7 | July 2024

Session-5: Update from Middle East

and India Gold Markets

Chair: Mr Amar Singh, Head of Metals - Asia Pacific and Middle East, StoneX
Speakers: Mr Sudheesh Nambiath, Manager - Precious Metals, DMCC
Mr Monal Thakkar, Managing Director, Ashoka Global SG Pte Ltd, Mr Mohammad Ayyob,
General Manager, SAM Precious Metals, Mr Neville Patel, Senior Vice President, HDFC Bank
Mr Ashok Gautam, MD & CEO, IIBX IFSC Limited

Mr Amar Singh, Head of Metals - Asia Pacific and
Middle East, StoneX – We all know the yellow metal
is highly valued in India, India being one of the largest
consumers of gold we cannot keep India out of any
conversation. Coming to the UAE, especially Dubai
which has transformed into a precious metals hub. It
can be described as a platform for business but not a
consumption market as India is.

India has gone through a major transformation is terms
of business, free trade zones and policy developments,
this results to the market being more organised.

Mr Amar Singh

12